Category Archives: Amway Asia

Amway Asia, Amway News

Amway Vietnam to open in 2008

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According to news reports, Amway Vietnam will begin sales operations sometime next year.

http://www.thanhniennews.com/business/?catid=2&newsid=3317

Direct selling firm Amway sets up factory

Amway, an affiliate of direct marketing group Alticor, opened a factory on Tuesday in the Amata Industrial Zone in the southern Dong Nai Province.

The global firm sells health and beauty care and nutritional supplements and a clutch of other consumer products, many of which will be made in the new factory.

The $14 million, 8-square meter plant has two production lines and a 2,2-square meter warehouse, and is expected to churn out products worth $3 million a year.

Amway will begin selling from the middle of next year for which it has obtained permission from the province.

The company sells its products directly to consumers through In-dependent Business Owners (IBOs), or sales representatives, through one-on-one, personal selling or via the internet.

It has over three million IBOs in over 8 countries and territories around the world.

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Amway Asia, Amway Facts

Amway Indonesia – 30% growth in 2006

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From The Jakarta Post, July 2, 2007

Amway Indonesia shows how philanthropy works in business

Andi Haswidi, The Jakarta Post, Jakarta

On June 26, Indonesia’s biggest multilevel marketing company, Amway Indonesia, celebrated its 15th year of operation in the country.

Last year the company booked 30 percent growth in total sales, which surpassed the 25 percent growth in 2005, and lifted the number of its distributors to more than 300,000. Continue reading Amway Indonesia – 30% growth in 2006 →

Amway Asia, Amway Facts, Amway Products, Amway's Awards & Recognitions, Artistry, Body Series

Amway South Korea is #2 in Cosmetics & Toiletries

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According to Euromonitor, in 2003 Amway was the second best-selling manufacturer of Cosmetics & Toiletries in the South Korean market, outselling global giants like Unilever and Proctor & Gamble. Market leader was Korean manufacturer Amorepacific. The top 5 was –

  1. Amorepacific
  2. Amway
  3. LG Household & Care
  4. Proctor & Gamble
  5. Aekyung Group

Unlilever, the only other international company in the top 1, came in at 7th. Amway Korea is globally one of Alticor’s best performing markets.

(source)

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Amway India, Amway News

16.6% growth for Amway India

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Despite the distractions of being temporarily shutdown in the state of Andhra Pradesh because of a marital dispute, Amway India has reported spectactular sales growth for 2006. Amway India sales for 2006 are reported at Rs 738 crore (US$168 million) compared to revenues of Rs 633 crore in 2005 – growth of 16.6%. This is a spectacular turnaround on the relatively flat growth of the previous few years.

Double digit growth is expected to continue for the forseeable future, with The Economic Times quoting Amway India Corporate Communications Manager Rajat Banerjee as stating –

“We will open 3-4 more distribution centres in Tier-II and Tier-III cities this year, including Faizabad, Panipat, Kota, Bikaner, Dharamsala, Srinagar, Mysore and Vellore”

Overall Alticor and Quixtar sales data for 2006 has not yet been released after Alticor made a change in their financial reporting methods.

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